Tourism Promotion Agreement

Board of County Commissioners

September 11, 2007

• Background

• Summary of Agreement

• Requested Action

Outline

• Background

• Summary of Agreement

• Requested Action

Outline

Background

• Florida Statute Section 125.0104

• Contract with Bureau since 1983

• Tourist Development Plan

• Background

• Summary of Agreement

• Requested Action

Outline

• Section 1 – Orange County Obligations

• Payments to the Bureau

• ½ %

• $750,000

• $3,300,000

• $4,000,000

• 6th Cent Payments

Tourism Promotion Agreement

} “Bureau Funds”

} “Additional Advertising Funds”

• Section 2 – Bureau Obligations

• Compliance with Law and Agreement

• Restrictions on Additional Advertising Funds

• Performance Standards; Strategic Plan; Scope of Services

• Audit

Tourism Promotion Agreement

• Section 2 – Bureau Obligations (cont.)

• Records

• Accounting

• Oversight & Accountability

• Audit Committee

• Marketing Program Restrictions

Tourism Promotion Agreement

• Section 2 – Bureau Obligations (cont.)

• Reporting Requirements

• Strategic Plan

• Budget

• IRS Form 990

• Financial Statements

• Quarterly Reports

• Annual Summary & Report

Tourism Promotion Agreement

• Section 3 – Term; Termination

• Initial 3 year term; 2 year renewal

• Second 3 year term; 2 year renewal

• Termination for Cause

Tourism Promotion Agreement

• Section 4 – Miscellaneous Provisions

• Conflicts/Amendments/Notices

• Insurance Requirements

Tourism Promotion Agreement

• Background

• Summary of Contract

• Requested Action

Outline

Requested Action

• Approval of the Orange County, FL and Orlando/Orange County Convention & Visitors Bureau, Inc. 2007 Tourism Promotion Agreement

Tourism Promotion Agreement

Board of County Commissioners

September 11, 2007

Photos courtesy of the OOCCVB